The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1887-12-06
THE MESSAGE.


a copy ofthe Presidents message which
was sent to the two houses of con-
gross to-day /; but it is too lengthy fol
publication in an evening paper. The
HERALD is pleased to see from peru
sal of parts Of the message that the
President has taken right hold of the
question OF tariff taxation and surplus
revenue and urges congress to legis.
late for revision of the inequalities
of the tariff and to so revise 1t as to
cut down the surplus revenue and put
the necessary tax on such articles as
are not Of common necessity. lie re-
fers to the condition Of money matters
the past y ear or so, and lays the blame
for hard times OH the failure of the last
congress to reduce the volume OF I'M
necessary tax which is being boarded
in the treasury. He states that for the
year ending June 80, 1885, the excess
ofrevenue over and above all expen-
ditures was $17,s59,735, and for the
year closing June 80, 1885, the amount
of revenue over expenditures was in
creased to 81, ,545, and for the next
year ending June 80, 1887, 1t had swell
ed to the enormous sum of $55,567,-
$40 of money unnecessary for any pur-
pose of tie government.
The excess for this year to Decem-
Der lst, is $55,46O,S7O, and is estimated
will reach $l13,O0Q00O for the year
ending in June, which, with surplus
already in the treasury, will amount to
$14O,OOO,OOO. The president suggests
that with the continual withdrawal of
the peoples circulating medium our
business community may, in the near
future, be subject to another panic.
He warns congress of the danger OF
their longer neglect of this important
and suggests that as
means Of turning back into the chan
nels of commerce the millions idly
boarded there, the secretary of the
treasury be empowered to purchase
bonds not yet due, with such limita-
tions as necessary, some of which
bonds held as investments will of
course have to be bought at premium.
Or, that the present debt might be re-
funded, at less rate of interest, and
the difference between the old and
new securities be paid in cash. But
he opposes the proposition to put
the money in the banks of the coun-
try, as establishing too close rela-
tionship between the government and
business OF the country, and tendency
to foster an unnatural reliance of pri
vate business on public funds.
From about ten columns of good,
sound Democratic doctrine, advisory
to the two houses, the HERALD ex
tracts the following as one of the best
parts of the message:
If disaster results from the con-
tinued inaction OF congress, the re-
sponsibility must rest where it be-
longs Though the situation thus far
considered is fraught with danger,
which shall be fully realized, and
though it presents features Of wrong
to the people, as well as peril to the
country, it is but a result growing out
of perfectly palpable and apparent
cause, constantly reproducing the
same alarming circumstances, a con-
gested national treasury and de-
pleted monetary condition in
the business of the country.
1t need hardly be stated that while
the present situation demands rem
edy we can only be saved from like
in the future by re-
moval of its cause our system OF To-
cation by which means this surplus is
taken from the people and put in the
public treasury, consists of tariff or
duty levied upon importations from
abroad and internal revenue taxes
levied upon the consumption
of tobacco end spurious and malt
liquors, and it must be conceded that
none of the things subjected to inter-
nal revenue taxation, are strictly speak
ing, necessities and there appears to
be no Just complaint of taxation by
consumers of these articles, and there
seems to be nothing 80 well able to
bear the burden without hardship to
any portion of the people. But our
pre- sent tariff laws, the vicious, iniqui-
tious and illogical source of unneces-
sary taxation ought TO be at once re-
vised and amended. These, laws as
their primary and plain effect,
raise the price to consumers